Form 4: Power Integrations VP Clifford Walker Reports Stock Transactions
SEC Form 4 Filing
Clifford Walker, VP of Corporate Development at Power Integrations Inc, reports the acquisition and disposal of common stock on April 1st and 2nd, 2024.
Summary
- Clifford Walker, VP of Corporate Development at Power Integrations Inc, filed a Form 4 detailing changes in beneficial ownership.
- On April 1, 2024, Walker acquired 11,700 shares of common stock at $0.00.
- On April 2, 2024, Walker disposed of 1,096 shares of common stock at a price of $69.0413.
- Following these transactions, Walker beneficially owns 140,834 shares of Power Integrations Inc.
- The sale of 1,096 shares was to cover the tax liability associated with the vesting of a Restricted Stock Award.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Acquisition of 11,700 shares of common stock. |
| 04/02/2024 | Disposal of 1,096 shares of common stock. |
| 04/03/2024 | Date of signature for the Form 4 filing. |
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